NLC India shares rise 2.19% in today's session

Shares of NLC India were trading at Rs 236.05, up 2.19% in Tuesday's session. The stock is included as one of the stocks in the Nifty Midcap 150 index as of 1:41 pm.

Financial Highlights:

NLC India's financial performance shows consistent growth in revenue and net profit over the past few years. Here's an overview based on consolidated figures:

Consolidated Financials:

The following table summarizes the consolidated financial performance of NLC India:

ParticularsMar 2021Mar 2022Mar 2023Mar 2024

Mar 2025

RevenueRs 9,846.09 CroreRs 11,947.94 CroreRs 16,165.24 CroreRs 12,999.03 Crore

Rs 15,282.96 CroreNet ProfitRs 1,345.37 CroreRs 1,115.13 CroreRs 1,425.13 CroreRs 1,867.32 Crore

Rs 2,713.37 CroreEPS9.708.0510.2813.47

19.57BVPS115.37118.09127.11139.66

135.02ROE9.317.709.2011.21

14.00Debt to Equity1.791.551.471.35

1.20

The revenue for the year ending March 2025 was Rs 15,282.96 Crore, compared to Rs 12,999.03 Crore in March 2024. Net profit increased to Rs 2,713.37 Crore in March 2025 from Rs 1,867.32 Crore in March 2024. Earnings per share (EPS) also rose from 13.47 in March 2024 to 19.57 in March 2025.

Income Statement (Annual):

The following table presents the annual income statement:

ParticularsMar 2021Mar 2022Mar 2023Mar 2024

Mar 2025

SalesRs 9,846 CroreRs 11,947 CroreRs 16,165 CroreRs 12,999 Crore

Rs 15,282 CroreOther IncomeRs 1,952 CroreRs 598 CroreRs 1,217 CroreRs 947 Crore

Rs 1,606 CroreTotal IncomeRs 11,798 CroreRs 12,545 CroreRs 17,383 CroreRs 13,946 Crore

Rs 16,889 CroreTotal ExpenditureRs 8,231 CroreRs 8,959 CroreRs 14,315 CroreRs 10,215 Crore

Rs 12,260 CroreEBITRs 3,566 CroreRs 3,586 CroreRs 3,067 CroreRs 3,730 Crore

Rs 4,628 CroreInterestRs 1,312 CroreRs 983 CroreRs 1,011 CroreRs 849 Crore

Rs 931 CroreTaxRs 909 CroreRs 1,488 CroreRs 630 CroreRs 1,014 Crore

Rs 983 CroreNet ProfitRs 1,345 CroreRs 1,115 CroreRs 1,425 CroreRs 1,867 Crore

Rs 2,713 Crore

The company’s sales increased to Rs 15,282 Crore in March 2025 from Rs 12,999 Crore in March 2024. The total expenditure also increased to Rs 12,260 Crore in March 2025 from Rs 10,215 Crore in March 2024.

Income Statement (Quarterly):

The following table summarizes the quarterly income statement:

ParticularsJun 2024Sep 2024Dec 2024Mar 2025

Jun 2025

SalesRs 3,376 CroreRs 3,657 CroreRs 4,411 CroreRs 3,836 Crore

Rs 3,825 CroreOther IncomeRs 264 CroreRs 712 CroreRs 486 CroreRs 135 Crore

Rs 290 CroreTotal IncomeRs 3,640 CroreRs 4,370 CroreRs 4,897 CroreRs 3,971 Crore

Rs 4,115 CroreTotal ExpenditureRs 2,629 CroreRs 3,056 CroreRs 3,831 CroreRs 2,734 Crore

Rs 3,223 CroreEBITRs 1,011 CroreRs 1,313 CroreRs 1,066 CroreRs 1,237 Crore

Rs 892 CroreInterestRs 189 CroreRs 179 CroreRs 236 CroreRs 325 Crore

Rs 298 CroreTaxRs 255 CroreRs 151 CroreRs 133 CroreRs 443 Crore

Rs -245 CroreNet ProfitRs 566 CroreRs 982 CroreRs 695 CroreRs 468 Crore

Rs 839 Crore

The sales for the quarter ending June 2025 was Rs 3,825 Crore, compared to Rs 3,836 Crore for the quarter ending March 2025. Net profit increased to Rs 839 Crore for the quarter ending June 2025 from Rs 468 Crore for the quarter ending March 2025.

Cash Flow:

The following table presents the cash flow summary:

ParticularsMar 2021Mar 2022Mar 2023Mar 2024

Mar 2025

Operating ActivitiesRs 4,389 CroreRs 7,769 CroreRs 3,761 CroreRs 5,623 Crore

Rs 9,043 CroreInvesting ActivitiesRs -2,212 CroreRs -762 CroreRs -2,088 CroreRs -3,151 Crore

Rs -7,159 CroreFinancing ActivitiesRs -2,037 CroreRs -7,024 CroreRs -1,734 CroreRs -1,985 Crore

Rs -2,196 CroreOthersRs 0 CroreRs 0 CroreRs 0 CroreRs 0 Crore

Rs 0 CroreNet Cash FlowRs 140 CroreRs -17 CroreRs -61 CroreRs 487 Crore

Rs -312 Crore

Balance Sheet:

The following table provides a summary of the balance sheet:

ParticularsMar 2021Mar 2022Mar 2023Mar 2024

Mar 2025

Share CapitalRs 1,386 CroreRs 1,386 CroreRs 1,386 CroreRs 1,386 Crore

Rs 1,386 CroreReserves & SurplusRs 12,713 CroreRs 12,802 CroreRs 13,782 CroreRs 15,144 Crore

Rs 17,336 CroreCurrent LiabilitiesRs 14,706 CroreRs 8,967 CroreRs 11,213 CroreRs 10,965 Crore

Rs 11,897 CroreOther LiabilitiesRs 25,099 CroreRs 26,629 CroreRs 26,685 CroreRs 27,445 Crore

Rs 27,230 CroreTotal LiabilitiesRs 53,906 CroreRs 49,785 CroreRs 53,067 CroreRs 54,941 Crore

Rs 57,851 CroreFixed AssetsRs 38,039 CroreRs 37,897 CroreRs 38,694 CroreRs 41,117 Crore

Rs 45,996 CroreCurrent AssetsRs 14,821 CroreRs 10,695 CroreRs 11,574 CroreRs 11,127 Crore

Rs 8,534 CroreOther AssetsRs 1,045 CroreRs 1,192 CroreRs 2,798 CroreRs 2,697 Crore

Rs 3,320 CroreTotal AssetsRs 53,906 CroreRs 49,785 CroreRs 53,067 CroreRs 54,941 Crore

Rs 57,851 CroreContingent LiabilitiesRs 15,178 CroreRs 11,459 CroreRs 17,687 CroreRs 39,552 Crore

Rs 0 Crore

Financial Ratios:

Key financial ratios for NLC India are as follows:

RatioMar 2021Mar 2022Mar 2023Mar 2024

Mar 2025

Basic EPS (Rs.)9.708.0510.2813.47

19.57Diluted EPS (Rs.)9.708.0510.2813.47

19.57Book Value / Share (Rs.)115.37118.09127.11139.66

135.02Dividend / Share (Rs.)2.503.003.503.00

3.00Face Value10101010

10Gross Profit Margin (%)48.3339.8443.6734.48

42.18Operating Margin (%)32.2423.8732.5320.44

29.85Net Profit Margin (%)13.669.338.8114.36

17.75Return on Equity (%)9.317.709.2011.21

14.00ROCE (%)8.096.9812.566.04

9.92Return On Assets (%)2.432.192.623.37

4.53Current Ratio (X)1.011.191.031.01

0.72Quick Ratio (X)0.901.060.930.88

0.56Debt to Equity (x)1.791.551.471.35

1.20Interest Coverage (X)2.424.846.985.28

6.92Asset Turnover Ratio (%)18.260.230.310.24

0.27Inventory Turnover Ratio (X)6.060.000.000.00

0.003 Yr CAGR Sales (%)-6.6110.0225.1514.90

13.103 Yr CAGR Net Profit (%)-17.08-14.83-0.9417.81

55.99P/E (x)5.207.777.5016.93

12.50P/B (x)0.500.610.711.91

1.81EV/EBITDA (x)7.006.754.9912.51

9.19P/S (x)0.710.730.662.43

2.22

The debt-to-equity ratio has decreased from 1.79 in March 2021 to 1.20 in March 2025.

Corporate Actions:NLC India has announced several corporate actions, including dividends. Recent announcements include:

• Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (August 30, 2025).
• Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Commencement of commercial operation of solar power project (August 26, 2025).
• Announcement under Regulation 30 (LODR)-Newspaper Publication (August 25, 2025).

The company has announced multiple dividends. An interim dividend of Rs 1.50 per share was announced on February 3, 2025, with an effective date of February 7, 2025. A final dividend of Rs 1.50 per share was announced on May 15, 2024, with an effective date of September 18, 2024.With the stock's last traded price at Rs 236.05, NLC India has seen a positive movement in today's session.